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. Last Updated: 07/27/2016

BAT Buys 20% of Plant

MOSCOW -- British and American Tobacco has bought a 20 percent share in the Saratov tobacco factory at an auction, Interfax reported Wednesday. BAT bought 21,400 shares at a total cost of 10.7 million rubles ($5,600) on May 19 and is to invest $40 million into the enterprise, the news agency reported. BAT intends to double the present company's output of 4.5 billion cigarettes a year.